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JPJ Trading Review Market Profile (www.jpjtrading.com)

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  #101 (permalink)
xylem
LONDON UK
 
 
Posts: 60 since Nov 2014
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So are you profitable?

I understand trading is tough and I also believe 50% of educators dont do a good job.
If his students are for the large part profitable then I would put JPJ in the good educator section.

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  #102 (permalink)
 fminus 
Washington DC
 
Experience: Advanced
Platform: TT
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Trading: US Treasuries
 
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xylem View Post
So are you profitable?

I understand trading is tough and I also believe 50% of educators dont do a good job.
If his students are for the large part profitable then I would put JPJ in the good educator section.

profitable today? yes. profitable every day, no. positive profit factor, yes. do i mirror JP trades? no (but I take them into consideration).


Quoting 
If his students are for the large part profitable then I would put JPJ in the good educator section.

What you're looking for isn't realistic. There's a wide array of experience levels that come through the room or any room for that matter. Let's just make a simple analogy, if you were learning golf and you somehow got some golf pro to teach you, and let's say in your class there are 10 students, if the majority didn't make pro is the golf instructor a bad teacher? Perhaps, but your job isn't to be a clone, your job is to exact nuggets of experience and wisdom so you can better your own game.

You seem to be putting an emphasis of the hopes and dreams on the back of someone else to carry you to the promised land rather than looking to fine tune your own ability. If that's what you're looking for then good luck on your search. Trading is a performance endeavor so let's treat it like one.

In trading, shortcuts lead to the longest path possible.
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  #103 (permalink)
xylem
LONDON UK
 
 
Posts: 60 since Nov 2014
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For some reason you keep annoyingly assuming im looking for a holy grail.
Maybe you are projecting your own ideas.

I just want to know if he has taught people to be profitable.
Its all good hearing people say Hes a great guy and I learned so much.

Every educator gets that for the most part, if what he teaches doesnt make you money then its not very helpful.
Im sure it could take months/years to master his style but if as people said he has a very mechanical trading plan than in actuality it should be easy to copy him and make money as there is no discretion in it.

Im not sure if you are profitable or not as I am not farmiliar with the term profit factor.

I dont want to digress too much on this anyway.

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  #104 (permalink)
 fminus 
Washington DC
 
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xylem View Post
For some reason you keep annoyingly assuming im looking for a holy grail.
Maybe you are projecting your own ideas.

My assumptions come from your question focusing on profitability.


Quoting 
Every educator gets that for the most part, if what he teaches doesnt make you money then its not very helpful.

If Michael Jordan personally taught you how to play basketball (spin moves, fade away jump shots, basketball theory, etc). And then you couldn't play like him, do you blame Michael Jordan?


Quoting 
Im sure it could take months/years to master his style but if as people said he has a very mechanical trading plan than in actuality it should be easy to copy him and make money as there is no discretion in it.

Many people in the room do follow his trades, but will have differing results. Why? Because not everyone can trade a 20 lot or however many lots that JP trades. If you're trying to trade his style with an under-capitalized account then it's prob not for you. I would say you need to at the very least be able to trade with 3 or 4 lots for his style.

In trading, shortcuts lead to the longest path possible.
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  #105 (permalink)
 trendisyourfriend 
Legendary Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
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I think fminus did a good job in trying to share his experience. I do not know jpj but i learned market profile in 2009 with one of his student. One thing is sure is that learning and internalising the auction market theory is not easy and it takes time, lots of screen time and i can assure you one thing, you will never be able to replicate what another person does with the tools related to market profile such as the footprint, MP or volume profile. Someone wrote the following this week:

There are two kinds of traders: A) Level Pickers who attempt to call tops and bottoms and B) Momentum Traders who attempt to "do what the market is doing right now." Source.


A market profiler is a level picker and jpj enters into this category. Maybe it would be easier for the person to look for a momentum strategy. There are plenty of traders who use this type of technique.

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  #106 (permalink)
xylem
LONDON UK
 
 
Posts: 60 since Nov 2014
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Whats the difference between a good educator and a bad one if neither educators students makes money.

Lol.

Michael Jordan couldnt teach me to slam dunk and that is why I wouldnt pay him $1200 for basketball training.
Same goes for an educator who cant teach me to be profitable.

im only asking as Im about to go on one of his free trials and it wouldve been nice if a few of his loyal students turned up and said "yea I make money, im profitable, it took a while but now im earning big money"

Anything along them lines not some guy telling me to rethink my belief systems, im not an idiot and thats also funnily enough why I wouldnt pay someone to teach me to trade if he has no track record of teaching people to become profitable.

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  #107 (permalink)
 fminus 
Washington DC
 
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@xylem Ok you seem to be missing the point of my posts but this will be my last post on the topic since it's not going anywhere.

No one is going to "teach" you how to become profitable.


Not because they won't. It's because they can't. Just like how Michael Jordan himself can't teach you how to play basketball like Michael Jordan. There are a countless number of other factors involved than just the strategy or method. The differentiating factor between profitability and losses are you. Do you need to learn from JP to become profitable? No. Can you learn something from him? Probably if you approach it in the right way.

In trading, shortcuts lead to the longest path possible.
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  #108 (permalink)
xylem
LONDON UK
 
 
Posts: 60 since Nov 2014
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Well every and I mean Every educator can do that.
You can learn something off anyone.

I am of the opinion that you can teach someone to be a profitable trader.

What you say tells me he is as good as all other educators, which isnt high praise imo.

But yea I get ur point.

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  #109 (permalink)
 Forexoil 
Bangkok thailand
 
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If he is profitable then he will would surely have his broker statements posted on his site as hard evidence would bring in students.

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  #110 (permalink)
 t0030tr 
Detroit, Michigan, USA
 
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forgiven View Post
this review is tuff....i spent six months in the room and like jp he is a super guy.... very honest... and his course and training is better than most... however JIM DALTON work is the best you will find on market profile... i would go straight to the horses mouth...

I am as well a grandfather and I have to agree. I have spent a great deal of time with both JP and Jim. JP is obviously a veteran in MP and he is a good teacher on the subject, but no one and I mean no one I have have come across can call the market like Mr. Dalton.

Jim doesn't talk about his W/L percentages, but I would bet he is in the ninety percentile in the win column. If you want to learn MP, Jim Dalton is by far the master. Just my two cents..

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  #111 (permalink)
 t0030tr 
Detroit, Michigan, USA
 
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fminus View Post
profitable today? yes. profitable every day, no. positive profit factor, yes. do i mirror JP trades? no (but I take them into consideration).



What you're looking for isn't realistic. There's a wide array of experience levels that come through the room or any room for that matter. Let's just make a simple analogy, if you were learning golf and you somehow got some golf pro to teach you, and let's say in your class there are 10 students, if the majority didn't make pro is the golf instructor a bad teacher? Perhaps, but your job isn't to be a clone, your job is to exact nuggets of experience and wisdom so you can better your own game.

You seem to be putting an emphasis of the hopes and dreams on the back of someone else to carry you to the promised land rather than looking to fine tune your own ability. If that's what you're looking for then good luck on your search. Trading is a performance endeavor so let's treat it like one.

Have to agree here. JP will not make you profitable, he will only teach you how MP works and that he is good at. You will have to become profitable on your own. I think JP can call some great trades and I have seen him do so. That being said, JP is a MP educator and not a room that calls trades on a regular basis. If your looking for that, you should look elsewhere. Hope this helps in your endeavors.

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  #112 (permalink)
 t0030tr 
Detroit, Michigan, USA
 
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xylem View Post
Whats the difference between a good educator and a bad one if neither educators students makes money.

Lol.

Michael Jordan couldnt teach me to slam dunk and that is why I wouldnt pay him $1200 for basketball training.
Same goes for an educator who cant teach me to be profitable.

im only asking as Im about to go on one of his free trials and it wouldve been nice if a few of his loyal students turned up and said "yea I make money, im profitable, it took a while but now im earning big money"

Anything along them lines not some guy telling me to rethink my belief systems, im not an idiot and thats also funnily enough why I wouldnt pay someone to teach me to trade if he has no track record of teaching people to become profitable.

Lewis J. Borsellino just said this a couple of days ago. He said "if you had a method that made money all day long, would you share it? HELL NO, you would sit in a room all day and make money" I think there is not a truer statement.

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  #113 (permalink)
 Forexoil 
Bangkok thailand
 
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t0030tr View Post
Lewis J. Borsellino just said this a couple of days ago. He said "if you had a method that made money all day long, would you share it? HELL NO, you would sit in a room all day and make money" I think there is not a truer statement.

This is largely true as we see from the number of shady rooms. Howver I am willing to believe there are a few rooms that call out genuine and clear trades that members can follow and that are profitable more or less month by month. I think in these cases the vendor is simply adding to his income stream which is not an unreasonable thing to do.

Why not simply increase the number of contracts rather than deal with running a room? Well that comes with more risk...

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  #114 (permalink)
 t0030tr 
Detroit, Michigan, USA
 
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Forexoil View Post
This is largely true as we see from the number of shady rooms. Howver I am willing to believe there are a few rooms that call out genuine and clear trades that members can follow and that are profitable more or less month by month. I think in these cases the vendor is simply adding to his income stream which is not an unreasonable thing to do.

Why not simply increase the number of contracts rather than deal with running a room? Well that comes with more risk...

I agree, there are definitely rooms out there that are profitable. There are several traders over at Briefings (SCALP, BLUE, MOMOX and CHART that call live trades all day long and they make a lot of money. The rest, heed at your own risk. That being said, I have never made money trading someone else's ideas and trust me I have tried it several times. Maybe it works for some, but I definitely figured out, I am going to have to do it the hard way (on my own). I think that is just the way day trading works. No easy money.

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  #115 (permalink)
 jodistrict 
san diego
 
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I listened to the free trial trading room for a few hours and couldn't take anymore. He was just rambling on like a salesman and didn't give any thoughtful market analysis or make any trades. So far the only trading room I have been impressed by is Al Brooks. He has a three day trial. He starts out at the first minute showing charts and giving his analysis of the market and has zero hype to get new members to join.

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  #116 (permalink)
xylem
LONDON UK
 
 
Posts: 60 since Nov 2014
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Yea so far this guys saying
"i wont show monthly profit reviews as no one would believe it.
I wont show Pnl As its on a different screen and your not meant to look at it anyway.
I wont tell you how much I expect to make a month as I just dont know and
I dont care if you dont believe me blah blah."

Im not saying hes a fraud but he has done nothing to differentiate himself from one so far.

And he has an army of loyal grandfathers willing to back him up at every criticism or comment lol.

This may or may not be in support of JPJ. A strange phenomena happens in chat rooms where the members feel real loyalty to their "leader" regardless of how profitable they are.

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  #117 (permalink)
 Narcissus 
Vancouver Canada
 
Experience: Beginner
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JP is definitely entertaining. I think he has genuine setups and a good understanding of Market Profile. He clearly spells out what his game plan is before he takes the trade. I can easily picture him as my teacher of MP. Similar to FT71 in style but more brash and flamboyant.

Though he rambles at times, I think it's partly because of varying levels of experience of participants and I don't blame him when he gets frustrated.

Yes, he keeps the cards close to his chest and doesn't reveal a lot to the trial members. I don't find that wrong because his setups are pretty basic & common sense from the MP point of view (I am ofcourse guessing, from the last 2 days of listening to him).

I am considering becoming a member but only after a cooling off period of atleast 2 weeks after the end of this trial period. This strategy helped me save a lot of money over the years (not just in trading, but also in the malls!)

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  #118 (permalink)
 jodistrict 
san diego
 
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Narcissus View Post
JP is definitely entertaining. I think he has genuine setups and a good understanding of Market Profile. He clearly spells out what his game plan is before he takes the trade. I can easily picture him as my teacher of MP. Similar to FT71 in style but more brash and flamboyant.

Though he rambles at times, I think it's partly because of varying levels of experience of participants and I don't blame him when he gets frustrated.

Yes, he keeps the cards close to his chest and doesn't reveal a lot to the trial members. I don't find that wrong because his setups are pretty basic & common sense from the MP point of view (I am ofcourse guessing, from the last 2 days of listening to him).

I am considering becoming a member but only after a cooling off period of atleast 2 weeks after the end of this trial period. This strategy helped me save a lot of money over the years (not just in trading, but also in the malls!)

Did he give any evidence that he knows what he is doing? Did he give any clear trades in advance that worked?

For today( March 25, 2015), did he give any hint that it would be a strong downtrend day? Or how long did it take him to figure it out that it was a strong downtrend day? Did he talk about the market at all? Or was he just entertaining?

The purpose of the trial is to find evidence that there is value in something that you are going to spend a lot of money on.

These guys talk for a reason. There are always a group of people who will join with zero proof if they get the feeling that someone knows what they are talking about - which is actually a feeling induced by the gift for gab. If there is no evidence then the talking is just salesmanship. These rooms hide their trades for a reason.

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  #119 (permalink)
 BeachTrader 
San Diego
 
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jodistrict View Post
Did he give any evidence that he knows what he is doing? Did he give any clear trades in advance that worked?

For today( March 25, 2015), did he give any hint that it would be a strong downtrend day? Or how long did it take him to figure it out that it was a strong downtrend day? Did he talk about the market at all? Or was he just entertaining?

The purpose of the trial is to find evidence that there is value in something that you are going to spend a lot of money on.

These guys talk for a reason. There are always a group of people who will join with zero proof if they get the feeling that someone knows what they are talking about - which is actually a feeling induced by the gift for gab. If there is no evidence then the talking is just salesmanship. These rooms hide their trades for a reason.


@jodistrict - You should check out the ES SP500 Spoo-nalysis thread if you are looking for transparency. Very informative and the guys often post their ladders or trade logs so you know you are not getting any BS.

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  #120 (permalink)
 Narcissus 
Vancouver Canada
 
Experience: Beginner
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jodistrict View Post
Did he give any evidence that he knows what he is doing? Did he give any clear trades in advance that worked?

This review is from a less experienced trader but I have decent experience in distinguishing real from bogus. HE IS REAL AND HAS A SOUND UNDERSTANDING OF MARKET PROFILE BUT TOO PROUD TO ADMIT THAT HE WAS NOT HAVING A GOOD DAY. He is more like a trading buddy rather than a teacher but his style is not for everyone. It could work for me though.

It was NOT a good day for JP. He was stopped out once, scratched a trade and let a small winner slip back.

What I liked - he pre defined his entry points, explained the logic (some of it), his stop loss and the target. He didn't fake entries or exits. His risk reward ratio seemed good, more than 3 to 1. His analysis is similar to the guy I respect - FT71 who I believe was his student. The best part for me was he realised within seconds that the price action was NOT going in his favour. Though he went quite whilst on trade, he did his best to give a live commentary about foot print action. He also patiently sat on a losing trade for a little bit, only 2 - 3 pts and eventually scratched the trade when he realised market has changed.

What I didn't like - his reaction after a losing trade. Instead of going back on the trade setup and doing a mini post mortem for educational purposes, he ranted for a bit about how he never said that he was better than others etc.

His analysis and prediction of price movement was generally right i.e Down Move but just like a regular trader (like me) he kept looking for a long trade, became bit defensive, then funny again but with less confidence. Worse, an hour later he said he was looking for a short trade whilst he was sitting on a long trade- DIDN'T LIKE THAT FLIP FLOP AT ALL. If you are real trader, you know that win/loss ratio often means very little. It's all about risk reward. Even with 40% win rate, you could make a living if you let runners run (which is definitely not my strength). Infact, that's the reason why I was considering joining his trading room due to his apparent ability to hang on to winning trades.

Overall, I think he is a genuine trader with good understanding about Market Profile. His analysis and prediction was spot on but NOT his execution. I don't believe when he says he doesn't care if you sign up or not. Ofcourse he cares - It's predictable income compared to unpredictable trading income. I think that's his marketing style and by repeating that people are signing up, it encourages more to do the same. I don't think there is anything wrong or shady about that though. However I am not paying 1500 dollars for something which can be learnt free here or from a book. I will continue to learn for free from FT71's daily analysis and NOT signing up for JPJ for now. I may change my mind after a day or two of watching him or after 2 weeks if I think FT71's free material is not enough. Please note that I am not prepared to pay for FT71's paid material as well. Not yet anyways.

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  #121 (permalink)
 jodistrict 
san diego
 
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Narcissus View Post
This review is from a less experienced trader but I have decent experience in distinguishing real from bogus. HE IS REAL AND HAS A SOUND UNDERSTANDING OF MARKET PROFILE BUT TOO PROUD TO ADMIT THAT HE WAS NOT HAVING A GOOD DAY. He is more like a trading buddy rather than a teacher but his style is not for everyone. It could work for me though.

It was NOT a good day for JP. He was stopped out once, scratched a trade and let a small winner slip back.

What I liked - he pre defined his entry points, explained the logic (some of it), his stop loss and the target. He didn't fake entries or exits. His risk reward ratio seemed good, more than 3 to 1. His analysis is similar to the guy I respect - FT71 who I believe was his student. The best part for me was he realised within seconds that the price action was NOT going in his favour. Though he went quite whilst on trade, he did his best to give a live commentary about foot print action. He also patiently sat on a losing trade for a little bit, only 2 - 3 pts and eventually scratched the trade when he realised market has changed.

What I didn't like - his reaction after a losing trade. Instead of going back on the trade setup and doing a mini post mortem for educational purposes, he ranted for a bit about how he never said that he was better than others etc.

His analysis and prediction of price movement was generally right i.e Down Move but just like a regular trader (like me) he kept looking for a long trade, became bit defensive, then funny again but with less confidence. Worse, an hour later he said he was looking for a short trade whilst he was sitting on a long trade- DIDN'T LIKE THAT FLIP FLOP AT ALL. If you are real trader, you know that win/loss ratio often means very little. It's all about risk reward. Even with 40% win rate, you could make a living if you let runners run (which is definitely not my strength). Infact, that's the reason why I was considering joining his trading room due to his apparent ability to hang on to winning trades.

Overall, I think he is a genuine trader with good understanding about Market Profile. His analysis and prediction was spot on but NOT his execution. I don't believe when he says he doesn't care if you sign up or not. Ofcourse he cares - It's predictable income compared to unpredictable trading income. I think that's his marketing style and by repeating that people are signing up, it encourages more to do the same. I don't think there is anything wrong or shady about that though. However I am not paying 1500 dollars for something which can be learnt free here or from a book. I will continue to learn for free from FT71's daily analysis and NOT signing up for JPJ for now. I may change my mind after a day or two of watching him or after 2 weeks if I think FT71's free material is not enough. Please note that I am not prepared to pay for FT71's paid material as well. Not yet anyways.


You gave an interesting and honest analysis. I have an indicator that gives a sell signal when the 13 ema crosses below the 20 ema (on IWM). It gave a sell signal on the 3 minute chart at the beginning of the session. I wonder what is the use of market profile if it can't make money on a strong down trend day ?

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  #122 (permalink)
 Narcissus 
Vancouver Canada
 
Experience: Beginner
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jodistrict View Post
You gave an interesting and honest analysis. I have an indicator that gives a sell signal when the 13 ema crosses below the 20 ema (on IWM). It gave a sell signal on the 3 minute chart at the beginning of the session. I wonder what is the use of market profile if you can't make money on a strong down trend day ?


I am sure you heard this from experienced traders before. I wish trading signals are as simple as EMA's cross over. Yes, it works great on a trend day but they don't happen very often. I got chopped out royally on range days with EMA based entries. Even when you get into a good trade, it's damn hard to hang on to winning trades for a number of psychological reasons.

I like Market Profile because it gives you potential areas for reversal or breakout so that you aren't glued to your screen for the entire season & it's easier to pick your stops/targets. Morover, my personality is to make sense of market movement i.e why is it moving up or down. I don't believe in random movements anymore. I think there is a method in this market madness.

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  #123 (permalink)
 jodistrict 
san diego
 
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Narcissus View Post
I am sure you heard this from experienced traders before. I wish trading signals are as simple as EMA's cross over. Yes, it works great on a trend day but they don't happen very often. I got chopped out royally on range days with EMA based entries. Even when you get into a good trade, it's damn hard to hang on to winning trades for a number of psychological reasons.

I like Market Profile because it gives you potential areas for reversal or breakout so that you aren't glued to your screen for the entire season & it's easier to pick your stops/targets. Morover, my personality is to make sense of market movement i.e why is it moving up or down. I don't believe in random movements anymore. I think there is a method in this market madness.

But according to your description, his strategy is to let the runners run and stay in the trade. This was the type of day where the market moves vertical and you do that.

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  #124 (permalink)
 mrmuggins 
manchester, england
 
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Narcissus View Post
I am sure you heard this from experienced traders before. I wish trading signals are as simple as EMA's cross over. Yes, it works great on a trend day but they don't happen very often. I got chopped out royally on range days with EMA based entries. Even when you get into a good trade, it's damn hard to hang on to winning trades for a number of psychological reasons.

I like Market Profile because it gives you potential areas for reversal or breakout so that you aren't glued to your screen for the entire season & it's easier to pick your stops/targets. Morover, my personality is to make sense of market movement i.e why is it moving up or down. I don't believe in random movements anymore. I think there is a method in this market madness.

@Narcissus

I think you have missed the point raised by the previous poster - i.e 'What is the point of Market Profile if it can't make money on a strong down trend day?'. I do not think it was about MP vs EMA crossovers.

You also said - 'Even when you get into a good trade, it's damn hard to hang on to winning trades for a number of psychological reasons'. My question is - if this JPJ is such a great Market Profiler and trader, why is he unable to hold trades for large targets in a very strong trend day? Surely he has been trading long enough to be able to identify a good trend day earlier than us mere mortals.

Maybe you should look for another teacher, or probably try and come up with your own way of reading a price chart.

Regards,

Dudley

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  #125 (permalink)
 Narcissus 
Vancouver Canada
 
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mrmuggins View Post
My question is - if this JPJ is such a great Market Profiler and trader, why is he unable to hold trades for large targets in a very strong trend day? Surely he has been trading long enough to be able to identify a good trend day earlier than us mere mortals.

Maybe you should look for another teacher, or probably try and come up with your own way of reading a price chart.


Please note that these are my observations during the last 2 days only as a trial member with no payment.

I don't know whether he is a great trader or not but appears to understand Market Profile well and taught it reasonable well in a unique style. As I mentioned, his analysis of which direction market will move in various scenarios were spot on. i.e if 68.50 is tested, then next stop will be 60 etc etc. However, I myself have done that countless time and yet lost money.

After listeneing to few gurus/teachers (thankfully only 2 so far, both good- Elder and Barry Taylor) I now know that I have to find a style that works for ME. I agree with you when say I have to come up with my own way of reading a price chart but to achieve THAT, I must observe a handful of logical and somtimes nonsensical approach. JPJ's approach looked logical to me. Whether he makes money or not is somewhat irrelevant b'cas I won't be able to replicate anyone's method. Even the well respected & very successful traders' (tigertrader and BigMike) methodology don't fit my personality IMHO.

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  #126 (permalink)
 jodistrict 
san diego
 
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Narcissus View Post
Please note that these are my observations during the last 2 days only as a trial member with no payment.

I don't know whether he is a great trader or not but appears to understand Market Profile well and taught it reasonable well in a unique style. As I mentioned, his analysis of which direction market will move in various scenarios were spot on. i.e if 68.50 is tested, then next stop will be 60 etc etc. However, I myself have done that countless time and yet lost money.

After listeneing to few gurus/teachers (thankfully only 2 so far, both good- Elder and Barry Taylor) I now know that I have to find a style that works for ME. I agree with you when say I have to come up with my own way of reading a price chart but to achieve THAT, I must observe a handful of logical and somtimes nonsensical approach. JPJ's approach looked logical to me. Whether he makes money or not is somewhat irrelevant b'cas I won't be able to replicate anyone's method. Even the well respected & very successful traders' (tigertrader and BigMike) methodology don't fit my personality IMHO.

I think your observations of the trial are useful to traders. It would be interesting to see your conclusions after the final two days. It kind of confirms for me what I already suspected. The market profile is great for giving after the fact explanations of what happened but not that useful for making trading decisions. According to your description, on a strong down trend day an experienced market profile trader essentially ended up scalping and the market profile didn't give him the confidence to hold a position. In fact, he was trying to fade the move.

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  #127 (permalink)
 Narcissus 
Vancouver Canada
 
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jodistrict View Post
I think your observations of the trial are useful to traders. It would be interesting to see your conclusions after the final two days.

Today JPJ had a winner of 8 points, long from lower value area to higher. He wanted to add more positions after it went against him (adding to a loser) but didn't get filled in as he went up. I didn't watch them but I believe him.

However, his style of entering on breakouts and at extremes doesn't suit my style. I was hoping for him to use Delta or Foot Print to justify such risky entries but didn't see much of that either. I am also less convinced about his explanation for market action at key areas of acceptance and rejection. He probably has better answers for paid members but to risk 500 and possibly upto 1500 dollars to find that out doesn't sound like a good risk reward for me. Boy, I think like a trader now.

So, NOT SIGNING up for JPJ. May consider after a month or two.

Right now, I am happy with free material from FT71.

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  #128 (permalink)
 hoolio 
Melbourne, Australia
 
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Narcissus,

I read your posts and I believe they were a disservice to JP.

I, for one, feel grateful that he passes on his knowledge to others as do other members of his community.

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  #129 (permalink)
 trendisyourfriend 
Legendary Market Wizard
Quebec
 
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Narcissus View Post
Today JPJ had a winner of 8 points, long from lower value area to higher. He wanted to add more positions after it went against him (adding to a loser) but didn't get filled in as he went up. I didn't watch them but I believe him.

However, his style of entering on breakouts and at extremes don't suit my style. I was hoping him to use Delta or Foot Print to justify such risky entries but didn't see much of that either. I am also less convinced about his explanation for market action at key areas of acceptance and rejection. He probably has better answers for paid members but to risk 500 and possibly upto 1500 dollars to find that out doesn't sound like a good risk reward for me. Boy, I think like a trader now.

So, NOT SIGNING up for JPJ. May consider after a month or two.

Right now, I am happy with free material from FT71.


Topstep starts a "Free" course Monday which covers the same topic so if price is a concern to you then maybe you can catch a few new ideas to add to your arsenal:
https://www.topsteptrader.com:443/blog/free-daily-educational-courses-with-john-hoagland

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  #130 (permalink)
 jodistrict 
san diego
 
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hoolio View Post
Narcissus,

I read your posts and I believe they were a disservice to JP.

I, for one, feel grateful that he passes on his knowledge to others as do other members of his community.

This is a forum for vendor and product reviews so that traders can make informed decisions about vendors who are charging money for services. Whether it is a disservice to JP is irrelevant.

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  #131 (permalink)
 Cristian 
Bucharest - Romania
 
Experience: None
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He started today a new trial.
He stated clearly is not offering DOM nor any kind of past trade performance.
If anyone is willing to give this guy 1500 USD to find out if he produce any money in the market I would say one can find better options.

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  #132 (permalink)
 Pedropete 
United Kingdom
 
Experience: Intermediate
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JPJ has a new 5 day trial starting Monday 25th April.

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  #133 (permalink)
 forgiven 
Fletcher NC
 
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[QUOTE=forgiven;2778

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  #134 (permalink)
 forgiven 
Fletcher NC
 
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  #135 (permalink)
 fibtrader2012 
leeds england
 
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After attending the free trial recently I did not see anything that made me want to become a customer. It was made very clear that no setups would be discussed as he did not want to upset those who had already paid for the subscription previously. A few trades were taken and near the end of the week he was slightly down in terms of win/loss which is not a big deal but no reason to want to sign up.

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  #136 (permalink)
 forgiven 
Fletcher NC
 
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TI Anon View Post
Few if any of his students have been able to trade his entries successfully. One member spent over 2 years logging and following every of his trades and was never able to show a profit. His recaps are filled with after the fact trades and much of "what might have been" examples. If you,honestly, log and follow the trades he says he's in with his unique money management methods you will hard pressed to stay above water.

It is a fun place to hangout at, with interesting stories and banter throughout the day. He is a very engaging fellow.

A few years ago, 2 of his active and main supporters were both put on trial for running trading scams. Both were found guilty. They both used his room to further their scams. so be cautious of who you listen to in the room.

His room is an entertaining place to spend the trading day, but be very cautious and careful. Consider yourself forewarned.

hell no..i have meet no students that trade his set ups or trade management. if you know nothing about market profile or foot print charts you will get a good understanding of how it works. there are some advanced traders in the room to help. but his set ups are a waste of time . he does not show his dome and you can not follow his trades. and if you try you will be very sorry. the bad thing is if you know nothing about market profile and he has a good day or two .you see the large size of the room...you start beliving that b.s. works.. then boom JP blows up with your account too. then he gets sick or some other b.s. and is gone for a week. it is about two months be for you see all the others in the room are just in there to chat with each other . they have JP tune out.. it is a colorful place to hang out..JP is funny ..if you like theater this room is for you.

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  #137 (permalink)
 forgiven 
Fletcher NC
 
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Pedropete View Post
JPJ has a new 5 day trial starting Monday 25th April.

you are not going to see any thing in the trail. JP does not show his dome or provide any prof he can trade. when i was there you could brake up the cost into 3 parts. what you are going to get there is a general education on market profile. you can get that in 30 days forget the life time trade room. you are going to find out JP can not trade he is just playing trader. so if you just have to do it ...just take the first 30 days and do not follow any of his live trades or you will sorry. you are not going to get any thing of value after 30 days

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  #138 (permalink)
 j77777 
waco tx usa
 
Experience: Intermediate
Platform: Bookmap,Ninja,Sierra,
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i am a grandfather and i hate to say so in jp s room.....
website says he dont use lagging indicators well thats a lie.....moving averages are indicators and for that matter so is market profile, lagging info again....and the room fee has gone up for those after they have paid their dues for the so called training which can be found by looking around on the net FREE. setups are just that ...throwing noodles against a wall. all the hypocritical "rules" in the room are broken by him all the time. excuse me while i vomit. the latest so called training is murrey math which the way he does it you might as well just look at every 4 pts for the es and 10 pts for the nasdaq.....random at best....stay away from the kool-aid is all i have to say

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  #139 (permalink)
 larrysy 
Toronto, Canada
 
Experience: Beginner
Platform: Bracket Trader
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Posts: 2 since Oct 2012
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Is he still around? His website seems to have been neglected with a lot of broken links.

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  #140 (permalink)
 piper 
Clearwater, FL
 
Experience: Intermediate
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No signs of life from JP's room since May.
Anyone have an update? JP still with us?
Thanks

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  #141 (permalink)
 theprophe 
prague,czech republic
 
Experience: Intermediate
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He retired from running the room

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  #142 (permalink)
 theprophe 
prague,czech republic
 
Experience: Intermediate
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To anyone who is wondering, JP died a few months ago

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  #143 (permalink)
 j77777 
waco tx usa
 
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does anyone know any details of JP's death?

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  #144 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
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theprophe View Post
To anyone who is wondering, JP died a few months ago

I did not know that. I was in his room several years ago and JP was a really nice guy(as was everyone in the room I dealt with). It's very sad he passed away

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  #145 (permalink)
 j77777 
waco tx usa
 
Experience: Intermediate
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thanks Rick,
I was in his room also for a couple of years

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  #146 (permalink)
 theprophe 
prague,czech republic
 
Experience: Intermediate
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Posts: 41 since Nov 2010
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It was cancer around thanksgiving.

We had some great times in Vegas, when he had the meetups

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 piper 
Clearwater, FL
 
Experience: Intermediate
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Broker: Amp/Zen
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Posts: 5 since Jul 2009
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Sad loss, I was a grandfather in his room since 2009.
Condolences to his family

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  #148 (permalink)
 hoolio 
Melbourne, Australia
 
Experience: Intermediate
Platform: NT8, Multicharts,Sierra
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Posts: 97 since Mar 2013
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Yes, very sad indeed.
I learned a lot from him

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  #149 (permalink)
 Ynotfutures 
Michigan
 
Experience: Advanced
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Oh man I am really sad to hear that news. I was a GrandFather back around 2012, I was thinking about him and decided to see if I could find out how he was doing. Very sad news indeed. Please pass on my condolences if anyone can. Thx

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